Bronfman Steps Down as Warner Music Chairman

Edgar Bronfman Jr. will step down as chairman of Warner Music Group, effective Jan. 31, he said in a memo to employees, but will remain on the board of the world’s No. 3 recorded-music company.

A replacement hasn’t been named, but one is expected before the end of January, according to a person familiar with the matter. Since May, Warner has been owned by Access Industries Inc., controlled by Russian-born billionaire Len Blavatnik. Stephen Cooper, a corporate turnaround specialist, replaced Mr. Bronfman in August as Warner Music’s chief executive.

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